PASADENA, Calif., July 20, 2010 /PRNewswire via COMTEX/ --Jacobs Engineering Group Inc. (NYSE: JEC) announced today that Jacobs is to lead the program management and engineering design being delivered by the new Scottish Water Solutions partnership in Scotland.The new joint venture company brings together Scottish Water with Jacobs Engineering UK Ltd, Veolia Water UK Plc and Laing O'Rourke Infrastructure Ltd.Jacobs is also expected to provide health and safety leadership and asset maintenance advice.
Scottish Water Solutions will deliver in excess of $720 million of Scottish Water's new Capital Investment Program over the duration of five years, which is one of the largest in the UK water industry at $4 billion.
Minister for Infrastructure, Transport and Climate Change; Stewart Stevenson said, "I welcome this new joint venture as it is expected to play a vital role in supporting Scottish Water's mission and objectives."
Geoff Aitkenhead, Scottish Water's Asset Management Director and Scottish Water Solutions' chairman said, "This joint venture has been chosen for its expertise and experience in each of consortium partners chosen fields. This is a partnership with an exciting blend of the right skills and brings best practice from the private sector to bear on the delivery of public water and waste water treatment infrastructure. We are delighted that the new Scottish Water Solutions partners will be at the forefront of delivering capital efficiency."
In making the announcement, Jacobs Group Vice President Bob Duff stated, "Jacobs is very proud to be part of the new Scottish Water Solutions partnership and the opportunity to further our relationship with Scottish Water." Bob Duff has recently been appointed to the Board of Scottish Water Solutions.
Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.
Any statements made in this release that are not based on historical fact are forward-looking statements. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2009 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.
For additional information contact: Michelle Jones 626.578.6968
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SOURCE Jacobs Engineering Group Inc.